37250 Bankside DR, Cathedral City, CA 92234
37250 Bankside DR, Cathedral City, CA 92234
37250 Bankside DR, Cathedral City, CA 92234
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Shawn Kormondy

Shawn Kormondy

+1(323) 638-7567
$1,800,000
Est. payment /mo
0.36 Acres Lot
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UPDATED:

Key Details

Property Type Apartment

Sub Type Apartment

Listing Status Active

Purchase Type For Sale

MLS Listing ID PW26156345

HOA Y/N No

Year Built 1963

Lot Size 0.360 Acres

Property Sub-Type Apartment

Property Description

We are pleased to present Bankside Apartments, well-maintained and upgraded 12-unit apartment community located in Cathedral City, CA. The property offers an attractive unit mix consisting of spacious, single-story Studio, 1-bedroom, and 2-bedroom units. Eleven of the twelve units have been thoughtfully renovated with wood-look porcelain tile flooring, upgraded kitchens and bathrooms, stainless sinks, and dual-pane windows. The community features a sparkling swimming pool within a gated courtyard, central heating and air conditioning, an on-site laundry facility, open parking, and all-new electrical panels. Bankside Apartments presents a compelling value-add opportunity with approximately 45% upside in rental income. Through the continued implementation of market rents, a new owner has the potential to significantly increase cash flow and achieve an estimated 8.2% capitalization rate, making this an attractive investment in one of the Coachella Valley's strongest rental markets.

Location

State CA

County Riverside

Area 335 - Cathedral City North

Interior

Fireplace No

Laundry Common Area

Exterior

Pool Private

Community Features Sidewalks

Total Parking Spaces 12

Private Pool Yes

Building

Lot Description Irregular Lot

Story 1

Sewer Public Sewer

Water Public

New Construction No

Others

Senior Community No

Tax ID 687101002

Acceptable Financing Conventional

Listing Terms Conventional

Special Listing Condition Standard

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Listed by Ryan Loria Triqor Group 949-756-3232, DRE #02006138

NEARBY SCHOOL & BUSINESS

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Shawn Kormondy

Shawn Kormondy

+1(323) 638-7567

Agent | License ID: 01451888

Agent License ID: 01451888

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